@techreport{foucault:hal-00601494, TITLE = {{Market Making with Costly Monitoring: An Analysis of the SOES Controversy}}, AUTHOR = {Foucault, Thierry and R{\"o}ell, Ailsa and Sandas, Patrik}, URL = {https://hec.hal.science/hal-00601494}, NOTE = {Cahier de Recherche du Groupe HEC Paris, n{\textdegree} 702}, YEAR = {2000}, MONTH = Apr, KEYWORDS = {Monitoring ; bid-ask spread ; automatic execution ; SOES trading}, HAL_ID = {hal-00601494}, HAL_VERSION = {v1}, }